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KFM Kingdom Holdings Ltd. ( (HK:3816) ) has provided an announcement.
KFM Kingdom Holdings Ltd. has announced a connected transaction involving the disposal of machinery by its wholly-owned subsidiary, KPM Malaysia, to KBT, a company owned by Mr. Sun, the chairman and controlling shareholder of KFM. The transaction, valued at approximately HK$3,900,000, is subject to reporting and announcement requirements under the Hong Kong Stock Exchange’s Listing Rules but is exempt from further shareholder approval. This disposal is part of KFM’s strategic operations, potentially impacting its asset management and financial positioning.
The most recent analyst rating on (HK:3816) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on KFM Kingdom Holdings Ltd. stock, see the HK:3816 Stock Forecast page.
More about KFM Kingdom Holdings Ltd.
KFM Kingdom Holdings Ltd. is a company incorporated in the Cayman Islands with limited liability. It operates in the manufacturing industry, focusing on the production and sale of machinery and related equipment.
Average Trading Volume: 276,509
Technical Sentiment Signal: Buy
Current Market Cap: HK$336M
Learn more about 3816 stock on TipRanks’ Stock Analysis page.